The Traduced Hike Of Petrol Price In India

From the  last Friday, Petrol Price across India has hiked suddenly. From Friday midnight National Capital of India also started experiencing the new hiked rate with INR 74.08 Per Ltr. . When the price inflated to approximately 75 in Delhi, in other Metro cities like Chennai, Mumbai and Kolkata also started experiencing different variable rates crossing the mark of INR 75 every where.

Despite Oil Minister Shree Dharmendra Pradhan once in the past during flourishing of GST(Good Service Tax) had claimed of lowering down Oil (Petrol)Price in India if GST implemented, now looks alike biased and False Promises as if traduced knowingly.

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Common men in India from Day one of renaissance of this BJP Government from the year of 2014 till date absolutely based on more false Promises and less Developments.

Sitting on the shoulder of extremely low market price of Global Crude oil which even is believed four years, the lowest since 2014,Common men of India is facing the much hiked Petro  Price due to known hike of Custom duty by the Govt. of India.

Sitaram Yechury, the Veteran CPI(M) Leader remarked this hike as Promises made to common men meant to be broken and this govt. always intends to support capitalists and industrialists. He stated,”The benefit of low fuel prices in the international market has not been passed on to the common man. Instead, the Government hiked excise duty to benefit industrialists,”

This statement of Mr. Yechury even seems fact as the Finance Minister of this Country himself urges,”There will be no impact on the retail price of petrol and diesel on account of the increase in excise duty on petrol and diesel.”

<a data-snax-placeholder="Source" class="snax-figure-source" href="http://www.thehindu.com/business/Economy/petrol-price-hit-highest-level-diesel-at-record-high/article23634141.ece" target="_blank" rel="nofollow noopener">http://www.thehindu.com/business/Economy/petrol-price-hit-highest-level-diesel-at-record-high/article23634141.ece</a>

Kirit S. Parikh, the former expert of Price Methodology of Disel and LPG Categorically said,”The tax component in prices of petrol in India is more or less at par with global trends, while it is lower for diesel,”

Was not it traduced?

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Look into the below mentioned different rates of Petrol in different Metro cities in India,

DELHI:INR74.08 PER Ltr.

KOLKATA:INR76.78 PER Ltr.

MUMBAI:INR81.93 PER Ltr.

Chennai:inr76.85 PER Ltr.